Facebook’s Saverin: Renouncing U.S. Citizenship Was Not For Tax Purposes
Eduardo Saverin is answering his critics.
“My decision to expatriate was based solely on my interest in working and living in Singapore, where I have been since 2009,” he says in the statement emailed to members of the press. “I am obligated to and will pay hundreds of millions of dollars in taxes to the United States government.”
He adds that he will continue to invest in U.S. businesses and start-ups and that he hopes those investments will create new jobs in the U.S. and globally.